Blaize issues FY2025 revenue guidance $19M–$50M, FY2026 $105M–$140M

Blaize Holdings, Inc.

FY2025 revenue estimated at $19M–$50M; FY2026 at $105M–$140M as solutions deploy.
Non-GAAP gross margins projected at 46%–50% for both years.
FY2025 non-GAAP R&D expense $49M–$52M ($18M–$20M third-party); FY2026 $85M–$89M.
Product pipeline spans defense (localized AI compute), smart city (turnkey gen-AI), and automotive (chiplet Denso/Mercedes partnerships).
Software & solutions revenue expected 15%–25% of FY2025 rev, rising to 20%–30% in FY2026.

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